Russian Standard Bank to issue Discover cards in Russia

Discover Financial Services, a US direct banking and payments company, is partnering with Russian Standard Bank (RSB), to allow the bank to become the exclusive partner for issuance, acceptance and promotion of Discover cards in Russia (view press release). The deal marks the first time that Discover cards will be issued in Europe. This is an extension of their existing relationship, as last year RSB became the exclusive strategic partner of the banking group with the issuing and services of Diners Club International (DCI) cards in Russia.

“Our partnership with Russian Standard Bank as a DCI issuer and acquirer is helping us meet our aggressive growth goals in Russia. We are thrilled to extend our presence there and work with RSB to issue Discover cards, representing the next milestone of a relationship that has been mutually beneficial,” said Diane Offereins, President of Payment Services at Discover. “By issuing cards abroad, Discover has a tremendous opportunity to build its brand globally and share its most compelling attributes – including cash rewards, service and value – with people all over the world.”

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